• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Financesolar power

Department of Energy says $365 million is available to install solar and battery storage systems in Puerto Rico

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
December 13, 2024, 7:45 AM ET
Solar panels on the roof of businesses contribute to the microgrid local power network in Castaner, Puerto Rico, on Nov. 14, 2022.
Solar panels on the roof of businesses contribute to the microgrid local power network in Castaner, Puerto Rico, on Nov. 14, 2022.Alejandro Granadillo—Bloomberg via Getty Images

The U.S. Department of Energy said Thursday that $365 million is available to install solar and battery storage systems in homes and healthcare centers across Puerto Rico.

Recommended Video

Up to $190 million is available to Puerto Rico’s Housing Administration and a private company to pay for solar and battery installations in public housing common areas and subsidized, multifamily housing properties. Another $175 million is available for certain healthcare and dialysis centers.

In recent years, the U.S. government has announced millions of dollars for other projects including solar farms and the installation of solar panels on low-income homes in Puerto Rico.

The announcement comes as the U.S. territory continues to struggle with chronic power outages that have worsened since Hurricane Maria pummeled the island as a powerful Category 4 storm in 2017, razing the electric grid. The outages also are blamed on a lack of maintenance and investment in its electric grid for decades.

In addition, Puerto Rico’s Electric Power Authority is still struggling to restructure more than $9 billion in debt — the largest of any public agency on the island — nearly a decade after the government announced it was unable to pay its more than $70 billion debt load.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

photo
LawEducation
Gen Z’s latest revolt over Jeffrey Epstein: pointing out a connection to the company that takes class photos
By John Hanna, Kendria LaFleur and The Associated PressFebruary 14, 2026
22 minutes ago
EconomyCoffee
Americans wake up and smell the coffee price surge—skipping Starbucks, brewing at home, and drinking Diet Coke for caffeine
By Matt Sedensky and The Associated PressFebruary 14, 2026
55 minutes ago
Politicsgovernment shutdown
TSA agents are working without pay again as DHS shuts down, and experts warn of flight delays even though air traffic controllers aren’t affected
By Rio Yamat and The Associated PressFebruary 14, 2026
2 hours ago
hawkinson
CommentaryInfrastructure
Your essential services are one surprise failure away from disruption. Consider how physical AI could tackle the crisis
By Alex HawkinsonFebruary 14, 2026
3 hours ago
sunaina
Commentaryprivate equity
Private equity’s playbook to shake off the zombies: meet the continuation vehicle
By Sunaina Sinha HaldeaFebruary 14, 2026
4 hours ago
Woman sitting alone at a dinner table
Cybersecurityfraud
A widow lost $39,000, her house, and six dogs after a scam. ‘If the story wasn’t so horrible, people wouldn’t pay attention’
By Amanda GerutFebruary 14, 2026
4 hours ago

Most Popular

placeholder alt text
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloFebruary 13, 2026
24 hours ago
placeholder alt text
North America
‘I gave another girl to Kimbal’: Inside Jeffrey Epstein’s honey-trap plan targeting Elon Musk through his brother
By Eva Roytburg and Jessica MathewsFebruary 13, 2026
1 day ago
placeholder alt text
Economy
Some folks on Wall Street think yesterday’s U.S. jobs number is ‘implausible’ and thus due for a downward correction
By Jim EdwardsFebruary 12, 2026
2 days ago
placeholder alt text
Success
Actress Jennifer Garner just took her $724 million organic food empire public. She started her career making just $150 weekly as a ‘broke’ understudy
By Emma BurleighFebruary 13, 2026
1 day ago
placeholder alt text
Commentary
Something big is happening in AI — and most people will be blindsided
By Matt ShumerFebruary 11, 2026
3 days ago
placeholder alt text
Economy
‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years
By Tristan BoveFebruary 11, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.